In this issue

 

Sempra Energy, the operator of the Cameron liquefied natural gas export plant in Louisiana and the developer of two other facilities in Texas and Mexico, said it was opening a…
Free ReadLNG Journal editor The Southeast Asian nation of Myanmar is making progress in constructing a liquefied natural gas import terminal to support a regional power plant project backed by a…
Singapore, through the Energy Market Authority, is advancing with plans for a second regasification and storage terminal in the city state as it aims to confirm its position as an…
Greece, Cyprus and Israel have signed an agreement to build a 1,900-kilometre subsea pipeline to transport natural gas from the East Mediterranean to West European markets in competition to LNG.
LNG Journal editor CME Group, the world's leading derivatives marketplace, reported its December and full-year 2019 market statistics, showing it reached average daily volumes in energy of 2.1 million contracts…
Free ReadClarksons, the London-based ship brokers and shipping and financial services company, said it had completed the world’s first LNG freight futures trade at year-end involving two of the leading global…
LNG Journal editor The US Delta LNG project, the third of three export plants being development in Louisiana by the company Venture Global, slightly delayed filing for its regulatory permits…
LNG Journal editor UK maritime security consultants, Dryad Global, reported an attack by a single speedboat with 10 armed men on-board on the liquefied natural gas carrier, “LNG Lokoja”, while…
Free ReadThe Anglo-Australian global commodities, mining and energy company BHP, whose assets include Australian LNG and gas stakes, said it would award a contract in the first quarter of 2020 after…
Air Liquide, the French industrial gases company, said it was marketing an exclusive, patented technology that is perfectly suited to the needs of liquefied natural gas carriers and LNG bunkering…
LNG Journal editor Fluxys Belgium said that the Zeebrugge import terminal had formally started its long-term trans-shipment contract with the Russian Yamal export plant in Russia with the loading of…
Free ReadEuropean natural gas trading in the day-ahead and month-ahead over-the-counter markets in London covering the eight major gas hubs in Europe soared more than 25 percent as prices plunged, according…
Energy major is evaluating strategic alternatives for various projects LNG Journal editor Chevron Corp., a leading liquefied natural gas operator in Australia, said it was downgrading investment plans for other…
LNG Journal editor Vitol, the global commodities company, has signed a 10-year deal with Nigerian LNG to buy 500,000 tonnes per annum as the Swiss-based trader expands its portfolio in…

News Nudges

BP deal in Guangdong

BP signed a supply agreement for regasified LNG with China’s ENN Group in support of the growing energy needs of the southern province of Guangdong. Under the terms of the agreement, BP will provide ENN with 300,000 tonnes per annum of pipeline gas regasified from LNG for a period of two years from January 2021. The LNG will be received and regasified through the receiving terminal of Guangdong Dapeng LNG where BP holds regasification capacity.


Henry Hub forecasts

The US Henry Hub natural gas spot price averaged $1.63 per million British thermal units in June, the lowest inflation-adjusted price going back to at least 1989, as a result of low demand, the Energy Information Administration said in its short-term outlook. However, the EIA expects falling production will put upward pressure on natural gas prices through the end of 2021. It forecasts that Henry Hub spot prices will average $1.93 per MMBtu in 2020 and $3.10 per MMBtu in 2021.


Charter rates steady

Shipping charter rates for LNG carriers in the spot market are little changed over the past week. Rates were quoted at an average of between $33,000 per day and $35,000 per day West of Suez and at rates of between $29,000 per day and $32,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters were steady for the most modern vessels and were seen at rates of around $44,000 per day.